|
-
-
jennatx
- Senior Member
posted: Oct. 29, 2007 @ 2:13p 
craig10x said:now that the cd deal is no longer available, things sure have quieted down on this thread quite a bit...lol I missed the deal myself, but applied for membership and to set set up the share and checking accts now (which will get me the $100 bonus in the meantime), and be ready to quickly move if they offer another deal next year....(i sure hope so)....
I was curious if anyone is actually using them for banking purposes...looks like a pretty nice CU, though of course you don't get much interest on the normal accounts....Those that do actual "banking" with them, how do you like them? And if you do like them, what aspects about them that you like? Well you could do their add-on CD and get a $10 bonus for $100 CD (10%) on top of the 4.9% it pays, as long as you've opened your accounts and plan to make a $100 direct deposit anyways. Not much, but then you could add to the CD later if 4.9 becomes competitive. No problems linking share and checking accounts through Fidelity and GMAC, SECU doesn't have their own online ACH. Billpay is not quite as nice as check-free interfaces. I would expect it to be a decent place for day-to-day banking if it was local. |
-
-
craig10x
- Senior Member - 3K
posted: Oct. 29, 2007 @ 2:59p
thanks Jenna...yes, i was thinking about doing the add on cd also.....appreciate the feedback...i will take a look at the online banking when i get my info back from them....and anyone else that has any feedback about banking with them, i would appreciate it.... |
-
-
ETFnerd
- Happy Member
posted: Oct. 31, 2007 @ 1:40p
people who got in on this must have such a wide s*^t-eating grin today... |
-
-
moneymama
- Shopaholic Member
posted: Oct. 31, 2007 @ 2:01p
ETFnerd said:people who got in on this must have such a wide s*^t-eating grin today... Why do you say that? |
-
-
lhendricks92
- Senior Member - 1K
posted: Oct. 31, 2007 @ 2:09p
i believe he's referring to this. |
-
-
BUKE
- Happy Member
posted: Oct. 31, 2007 @ 2:11p
moneymama said:ETFnerd said:people who got in on this must have such a wide s*^t-eating grin today...
Why do you say that?
because of another interest rate cut |
-
-
jairocon
- Senior Member - 1K
posted: Oct. 31, 2007 @ 3:18p
ETFnerd said:people who got in on this must have such a wide s*^t-eating grin today... |
-
-
moneymama
- Shopaholic Member
posted: Oct. 31, 2007 @ 3:28p
Do you think the banks will follow suit again too? |
-
-
RS4Rings
- Senior Member - 7K
posted: Oct. 31, 2007 @ 3:30p
ETFnerd said:people who got in on this must have such a wide s*^t-eating grin today...
Why would someone smile when they eat sh!t? |
-
-
djscal
- Senior Member
posted: Oct. 31, 2007 @ 4:11p
I'm definately smiling  all the way to the bank. It's also pretty cool how SECU gives the $5k bonus on the $200k up front immediately so that it shows up in your balance right now instead at the end of the 7 months. Let's hope for another deal similar to this one next year. |
-
-
pattyb53
- Senior Member
posted: Oct. 31, 2007 @ 5:38p
YOU BET!!
Best investment I have made in "many a moon". I pulled all the money I could get my hands on, at the time, $118K. Almost broke me. Now I'm working to build up my cash again and I need a good place to put my liquid funds into when BoA ends their 60 day bonus rate. I'm sure the rate will take another drop this Friday. Any good ideas? |
-
-
glxpass
- Senior Member - 3K
posted: Oct. 31, 2007 @ 7:05p
pattyb53 said:YOU BET!!
Best investment I have made in "many a moon". I pulled all the money I could get my hands on, at the time, $118K. Almost broke me.
Now I'm working to build up my cash again and I need a good place to put my liquid funds into when BoA ends their 60 day bonus rate. I'm sure the rate will take another drop this Friday.
Any good ideas?
The rate dropped by .25%. FWF FOMC Discussion Link Unless SECU or someone else comes up with a great deal, or my banks' rates drop an incredible amount, I'm going to sit tight and give things a chance to settle down a bit. If you're at the beginning of your 60-day bonus rate, even if it drops, your rate will probably still be higher than most, if not all, FDIC-insured liquid account rates. |
-
-
glxpass
- Senior Member - 3K
posted: Oct. 31, 2007 @ 10:35p
Sorry, pattyb53, your were obviously talking about BoA, not FOMC. Please disregard that comment. Thanks! |
-
-
glxpass
- Senior Member - 3K
posted: Oct. 31, 2007 @ 11:01p
It looks like you'll be OK for the next week, starting on Friday. iMoneyNet publishes the All Taxable 7-Day Net Simple Money Fund Report Average (MFR) every Wednesday, and, as you know, the rate takes effect Friday. The rate published this week as the same as last, 4.42%. So there will be no change (yet) to your bonus rate. I hope I finally got it right! |
-
-
MikeR397
- Senior Member - 2K
posted: Nov. 1, 2007 @ 9:41a
Anyone know when SECU makes interest payments on this CD? My share account got an interest payment, but nothing has reported on my 200k cd yet. Anyone get paid interest today to the account? |
-
-
dugggg
- Member
posted: Nov. 1, 2007 @ 10:47a
MikeR397 said:Anyone know when SECU makes interest payments on this CD? This CD pays interest quarterly. |
-
-
glxpass
- Senior Member - 3K
posted: Nov. 1, 2007 @ 10:48a
MikeR397 said:Anyone know when SECU makes interest payments on this CD? My share account got an interest payment, but nothing has reported on my 200k cd yet. Anyone get paid interest today to the account?
IIRC, compounded and paid quarterly, except for the extra month, which would be pro-rated (if that's the correct term). |
-
-
mm04
- Member
posted: Nov. 1, 2007 @ 11:24a
Can anyone confirm that your checking account number is visible on your online statement? |
-
-
jackcrawfish
- Addicted Member
posted: Nov. 5, 2007 @ 3:06p
mm04 said:Can anyone confirm that your checking account number is visible on your online statement?It does. 11174xxxx |
-
-
markkundinger
- Senior Member - 2K
posted: Nov. 5, 2007 @ 5:20p
So, I was doing some testing on ACH links to the prime share account at SECU. Planning ahead on how to get the money out when the CD matures. As has already been mentioned, the standing instructions with SECU are to simply use SECU's routing number, and your regular member/account number. However, with Fidelity, they only set up links to "checking" accounts. When this option is set, attempts to use either the SECU account number or the account number + share suffix fail. With Schwab, I can set the account type to "savings", and then the link works fine with the standard instructions. (I've done deposits and withdrawals initiated through Schwab). In conclusion, it seems that if you want to ACH to the prime share, it's vitally important that you set the account type to "savings". |
Close
|
|
 |
|
Not Already A Member?
Sign Up Now!
|
|
Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.
|
|
